12 December 2012
The board of Abbey Protection plc ("Abbey Protection" or the "Group") (AIM: ABB), the specialist supplier of legal and professional fees insurance products and services to UK small-and-medium sized enterprises, is pleased to announce that its trading subsidiary, Abbey Protection Group Ltd ("APG Ltd") has been granted a licence ("Licence") by the Solicitors Regulation Authority to operate as an alternative business structure under the Legal Services Act 2007. The licence was granted on 11 December 2012 and is effective from 1 January 2013. The Licence will enable APG Ltd to provide a wider range of legal services to its clients from 1 January 2013.
As part of the process to secure the Licence, APG Ltd will undergo a partial restructuring. On 1 January 2013, the trading divisions of Abbey Tax Protection and Accountax will be transferred from APG Ltd to a newly formed, wholly owned subsidiary of APG Ltd called Abbey Tax & Consultancy Services Ltd. From that date, these businesses will trade as divisions of Abbey Tax & Consultancy Services Ltd.
Abbey Protection plc Minories House 2-5 Minories London EC3N 1BJ Colin Davison Chris Ward Adrian Green | +44 (0)845 217 8293 |
Shore Capital (Nomad & Joint Broker) Bidhi Bhoma Toby Gibbs | +44 (0)20 7408 4090 |
Numis (Joint Broker) Charles Farquhar | +44 (0)20 7260 1233 |
FTI Consulting Ed Berry Tom Willetts | +44 (0)20 7269 7100 +44 (0)20 7269 7297 +44 (0)20 7269 7175 |
Abbey Protection plc is an integrated specialist insurance and consultancy group, and the UK's leading supplier of legal and professional fees insurance products and services to small-to-medium sized enterprises. The Group's principal products provide protection against costs incurred as a result of legal actions and HM Revenue & Customs investigations.
Founded in 1992, the Group operates from offices in London, Rugby, Croydon, Milton Keynes and Chester and had
241 employees as at 30 June 2012. Abbey Protection distributes its products and services through the following divisions: Abbey Legal Protection, Abbey Legal Services, Abbey Tax Protection, Abbey HR, Accountax, After The Event Services and Abbey Property Facilities.
Visit the Abbey Protection website at www.abbeyprotectionplc.comfor more information.
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